A passenger car passing one toll road segment at Stoneway 6 of Bellaire City needed to pay S1.30 in year 2015. In year 2021, the same car has to pay $2.50 for the same segment. What is the annual rate of fee increase?
A passenger car passing one toll road segment at Stoneway 6 of Bellaire City needed to pay S1.30 in year 2015. In year 2021, the same car has to pay $2.50 for the same segment. What is the annual rate of fee increase?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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![QUESTION 1:
A passenger car passing one toll road segment at
Stoneway 6 of Bellaire City needed to pay $1.30 in year
2015. In year 2021, the same car has to pay $2.50 for the
same segment. What is the annual rate of fee increase?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1c013537-67c2-4174-acd2-a8321bf6ffd5%2Fe9559ce8-55b5-4490-8cc1-19cea41a5f26%2Fosykzgd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 1:
A passenger car passing one toll road segment at
Stoneway 6 of Bellaire City needed to pay $1.30 in year
2015. In year 2021, the same car has to pay $2.50 for the
same segment. What is the annual rate of fee increase?
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